Question
An investment offers $8,933 per year for 11 years, with the first payment occurring one year from now. If the required return is 11% percent,
An investment offers $8,933 per year for 11 years, with the first payment occurring one year from now. If the required return is 11% percent, what is the value of the investment?
a.$46,649.16
b.$52,115.50
c.$55,442.80
d.$48,120.07
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Credit Derivatives Handbook Global Perspectives Innovations And Market Drivers
Authors: Greg Gregoriou, Paul Ali
1st Edition
0071549528, 978-0071549523
